Operating income increased by 67.6 billion yen (*$609.00 million). Major factors contributing to the increase included an increase of 275.0 billion yen (*$2.47 billion) in marketing efforts.

TMC Operating Officer Masayoshi Shirayanagi said: “Excluding the overall impact of foreign exchange rates, swap valuation gains and losses and other factors, operating income improved by 190 billion yen (*$1.71 billion) year on year. While net income decreased by 611.1 billion yen ($5.50 billion) year on year, this is largely due to specified factors that the net income of the same period of the previous fiscal year includes a positive impact of 249.6 billion yen ($2.24 billion) due to the US tax reform and that net income of the fiscal year that ended in March 2019 includes a negative impact of 293.7 billion yen ($2.64 billion) of unrealized gains and losses on securities due to the market deterioration during such fiscal year.”

(*all currency translations above are approximate and based on an average 111-yen-to-dollar exchange rate).

Forecast
For the fiscal year ending March 31, 2020, TMC estimates that consolidated vehicles sales will be 9.0 million units.

In addition, TMC forecasts consolidated net revenue of 30 trillion yen (*$272.72 billion), operating income of 2.55 trillion yen (*$23.18 billion), and net income of 2.25 trillion yen (*$20.45 billion) for the fiscal year ending March 31, 2020, based on an exchange rate of 110 yen to the U.S. dollar and 125 yen to the euro.(*all currency translations above are approximate and based on an average 110-yen-to-dollar exchange rate).

1Income before income taxes and equity in earnings of affiliated companies2Net income attributable to Toyota Motor Corporation

Copyright Notice

All materials on this site are for editorial use only. The use of these materials for advertising, marketing or any other commercial purpose is prohibited. They may be cropped but not otherwise modified. To download these materials, you must agree to abide by these terms.